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Stock Trend Analysis Report

Prepared for you on Thursday, February 23, 2017.

MELCOR DEVELOPMENTS LTD (TSE:MRD)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

TSE_MRD
Open High Low MRD Price Change
15.62 15.90 15.16 15.18 -0.47
Entry Signal

MarketClub’s Trade Triangles for MRD

long term up The long term trend has been UP since Dec 29th, 2016 at 14.47

intermediate term up The intermediate term trend has been UP since Feb 8th, 2017 at 14.74

short term up The short term trend has been UP since Feb 8th, 2017 at 14.70

Smart Scan Analysis for MRD

Based on a pre-defined weighted trend formula for chart analysis, MRD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+100
Smart Scan Analysis for MRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.62 15.90 15.16 15.18 -0.47
Prev. Close Volume Bid Ask Time
15.36 8891 2017-02-21 14:33:14
Year High15.9Year High Date2017-02-21
Year Low13.8Year Low Date2017-02-06
52wk High15.952wk High Date2017-02-21
52wk Low12.1652wk Low Date2016-11-17
Year End Close15.75Average Volume12,953
Volatility31.34
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